Compare Longview, TX mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Longview.
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May 28, 2023
Below we provide helpful information on the real estate market, home prices and housing affordability in Longview. Understand how much you need to earn to afford a home in Longview, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Longview fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Longview is right for you.
The median home value for Longview, TX (Gregg County) is $197,621
Based on current mortgage rates and a 10% down payment, you need to make $41,227 per year to buy the median priced home in Longview
With this income, you could qualify for a $177,858 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Longview is $955
The median household income for Longview, TX (Gregg County) is $60,743
Based on this income, you can afford a home valued at approximately $291,172
The home price you can afford to buy based on household income in Longview is 147% of the median home value which means housing prices are average. Longview (Gregg County) ranks 190 out of 254 counties in Texas and 1,957 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Longview, TX is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Longview (Gregg County) below.
Conforming loan limits for Longview, TX
FHA loan limits for Longview, TX
VA loan limits for Longview, TX
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